11:55 Prime Minister Nicolae Ciuca stated on Monday (Feb. 27) on the occasion of the National Day of Japan that Japan is one of Romania’s closest and most valued friends and partners, adding that this is demonstrated by the fact that bilateral relations will be raised soon to the level of strategic partnership, Agerpres reported.
11:45 Romania’s President Klaus Iohannis had a meeting with the President of the European Investment Bank (EIB) Group, Werner Hoyer on Monday (Feb. 27), on the sidelines of the participation in the inaugural edition of the EIB Group Forum, which took place in Luxembourg, according to the Presidential Administration.
11:41 CFA Romania is expecting a depreciation of the local currency the leu (RON) to RON 5.0251 to the euro and an inflation rate of 9.18% in the next 12 months.
11:28 Romania’s Finance Ministry raised RON439.2 million on Monday (Feb. 27) selling bonds maturing in November 2025, at an annual average yield of 7.23%, National Bank of Romania data showed.
COMPANIES & MARKET
11:28 Romanian companies expect more insolvencies and disputes related to personal data and consumer protection, according the Deloitte Legal survey titled “New Roads to Dispute Resolution“.
11:17 Managers in Romania estimate a relative stability of activities in construction, retail trade and services, however, a sharp increase in this latter sector, according to the business tendency survey of February 2023 conducted by the National Institute of Statistics (INS).
11:11 Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, derived RON1.2 billion consolidated turnover in 2022, up 4% y-o-y.
11:01 Romania’s biggest power producer Hidroelectrica ended 2022 with RON9.1 billion revenues, up 40%, and RON4 billion net profit, 32.7% higher, according to the report of its minority stakeholder Fondul Proprietatea.
10:58 Romanian state-owned natural gas producer and supplier Romgaz registered RON2.5 billion net profit in 2022, up 32.9% y-o-y.
|EUR 4.9200||GBP 5.6088|
|USD 4.6376||CHF 4.9425|
|BGN 2.5155||MDL 0.2468|
BNR INTEREST RATES
|15.07% (Jan. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.02%, BET-TR 0.02%, BET-FI 0.97%, BET-NG -0.11%, BET-XT 0.20%,|
BETXT-TR 0.20%, BET-BK 0.55%, RO-TX 0.09%, BETAeRO 0.15%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed higher on Tuesday bucking the trend across Europe where major stock indices closed with losses after inflation reports for France and Spain showed that the figures increased more than expected in February.|
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